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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS EIA Cushing Crude Oil Stocks Change climbed to -1.06M in March 2023
U.S. Energy Information AdministrationMonthlyReleased March 2023
US EIA Cushing Crude Oil Stocks Change climbed to -1.06M in March 2023, up 0.85M from February's -1.92M reading. The print exceeded the -1.56M consensus by 0.5M. The print is running well below the 12-month average of 1.06M. Over the past 3 months, EIA Cushing Crude Oil Stocks Change averaged 1.06M, vs 0.02M in the prior 3-month window. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
-1.063
Actual
-1.558
Consensus
-1.916
Previous
Median Absolute Error
±0.78 million
across last 3 releases
Last Call
Mar 2023
Predicted: -1.56
Actual: -1.06
Error: -0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
EIA Cushing Crude Oil Stocks Change (United States) was reported at 1.86 million in October 2026. The reading rose from the previous value of 0.44 million. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.15 million, ranging from -2.79 million to 3.42 million across 41 releases.
WHY IT MATTERS
The trailing three releases averaged 0.95 million, up from the prior three at 0.41 million. Volatility over the past year (σ 1.23 million) is higher than the prior year (σ 0.84 million). In October readings over the past 3 years, EIA Cushing Crude Oil Stocks Change has averaged 0.30 million.
WHAT TO WATCH NEXT
The next release is scheduled for October 21, 2026. Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Oct 21) and EIA Gasoline Stocks Change (Oct 21).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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EIA Cushing Crude Oil Stocks Change - US
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About EIA Cushing Crude Oil Stocks Change — United States
DEFINITION
The EIA Cushing Crude Oil Stocks Change is a key financial indicator that measures the weekly change in the amount of crude oil held in storage at the Cushing, Oklahoma facility. This data is closely monitored by investors and analysts as it provides insight into the supply and demand dynamics of the oil market, which can impact prices and overall market trends. The EIA Cushing Crude Oil Stocks Change is a valuable tool for assessing the health of the oil industry and making informed investment decisions.
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 1.862 M. Prior reading (Oct 2026): 0.444 M. Before that (Sep 2026): 0.553 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - US Events
| Tuesday, October 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Housing Starts | 1.221 | 1.288 | 1.3 | 1.26 | High |
| 12:30 | US | Housing Starts MoM | -5.2 | -5.9 | 1.9 | -1.65 | Medium |
| 12:30 | US | Building Permits | 1.4 | 1.403 | 1.39 | 1.39 | High |
| 12:30 | US | Building Permits MoM | -0.2 | -2.1 | -0.7 | -0.47 | Medium |
| 14:00 | US | Pending Home Sales YoY | -11.3 | -4.7 | 1 | -5.15 | Medium |
| 14:00 | US | Pending Home Sales MoM | -7.3 | 0.3 | -0.5 | -3.90 | Medium |
| 20:30 | US | API Crude Oil Stock Change | -4.93 | -11.12 | -1.3 | -3.12 | Medium |
| Wednesday, October 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 14:30 | US | EIA Crude Oil Stocks Change | -8.557 | -0.1 | -0.10 | Medium | |
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Jobless Claims 4-Week Average | 198.5 | 200 | 197.25 | High | |
| 12:30 | US | Continuing Jobless Claims | 1710 | 1720 | 1713.50 | High | |
| 12:30 | US | Initial Jobless Claims | 199 | 200 | 187.50 | High | |
| 14:00 | US | Leading Index MoM | -0.1 | -0.1 | -0.10 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 14 | 11 | 11.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 20 | 18 | 21.00 | Low | |
| Friday, October 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:45 | US | S&P Global Composite PMI | 58.4 | 57.6 | 58.25 | Medium | |